Mankind Pharma to Acquire Bharat Serums and Vaccines
Competition Commission of India Approves Acquisition
The Competition Commission of India (CCI) has given the green light for Mankind Pharma Ltd to acquire Bharat Serums and Vaccines Limited (BSV). This acquisition involves Mankind Pharma taking over 100% of BSV’s shareholding.
About Mankind Pharma
Mankind Pharma is a publicly listed company engaged in developing, manufacturing, and marketing a wide range of pharmaceutical finished dosage formulations (FDFs) across various acute and chronic therapeutic areas. They also produce consumer healthcare products such as condoms, emergency contraceptives, pregnancy tests, vitamins, minerals, nutrients, antacids, and anti-acne preparations. Additionally, through its subsidiaries, Mankind Pharma manufactures and sells active pharmaceutical ingredients (APIs), pharmaceutical intermediaries, and packaging products for pharmaceutical products.
About Bharat Serums and Vaccines
Bharat Serums and Vaccines Limited, along with its subsidiaries, is involved in research, development, licensing, manufacturing, importing, exporting, marketing, and distribution of FDFs and APIs, biotech and biological formulations, food and health supplements, medical devices, and ayurvedic medicines. Their focus areas include gynaecology, in-vitro fertilisation (IVF), critical care, and emergency medicines for human use. In India, BSV’s activities are concentrated on developing, manufacturing, and marketing biological, biotech, and pharmaceutical products in women’s health, critical care, IUI-IVF, and emergency medicine.
Doubts Revealed
Mankind Pharma -: Mankind Pharma is a company that makes medicines and healthcare products. They are known for making a wide range of products to help people stay healthy.
Bharat Serums and Vaccines -: Bharat Serums and Vaccines is a company that makes special medicines and vaccines. They focus on areas like women’s health and emergency treatments.
Competition Commission of India -: The Competition Commission of India is a government agency that makes sure companies do not create unfair competition. They approve big business deals to ensure they are fair for everyone.
acquisition -: An acquisition is when one company buys another company. In this case, Mankind Pharma is buying Bharat Serums and Vaccines.
biotech -: Biotech, or biotechnology, is a field of science that uses living things, like cells and bacteria, to make products. These products can include medicines and vaccines.
biological formulations -: Biological formulations are special types of medicines made from living organisms. They are used to treat various diseases and health conditions.
therapeutic areas -: Therapeutic areas are different fields of medicine focused on treating specific health problems. For example, women’s health and emergency medicine are two therapeutic areas.
